Tata Power Company Ltd, India's largest private power producer, is looking at setting up a 1000 mw power project in Dholpur, Rajasthan. The thermal power project is estimated to cost over Rs 3,000 crore, a senior official said Monday. |
"Tata Power is currently evaluating a proposal to set up a thermal power project in Dholpur," said Anil Sardana, chief executive officer, North Delhi Power Ltd, the Tata group's distribution arm in the capital-state. |
|
Sardana said Tata Power had started work on drawing up a feasibility report following an invitation by the Rajasthan government to take over the project. |
|
TCE Consulting Engineers "" a wholly owned subsidiary of Tata Sons Ltd.""has been mandated by TPL to draw up a feasibility report. |
|
The project had earlier been awarded to the R.P. Goenka group, which had planned to set up a 702 mw liquid fuel plant costing over Rs 200 crore. |
|
After failing to execute the project, the RPG group had reportedly returned the land allotted by the government. |
|
Tata Power's project is likely to be gas-based and would draw fuel from the Hazira-Bijapur-Jagdishpur pipeline. |
|
Last year, the company had proposed a 1000 mw power station in Delhi. However, it was forced to scout for opportunities outside the capital following tardy progress on allocation of land by the state government. |
|
Tata Power is already exploring opportunities for a similar project in Uttar Pradesh, off the Delhi border. |
|
However, the company is unlikely to set up two gas projects - one in Delhi and the other off the Delhi border in Uttar Pradesh - and is expected to narrow down its choice to one. |
|
The greenfield project would meet a part of NDPL's power requirement for its Delhi consumers. |
|
The Tata group currently holds a 51 per cent equity stake in NDPL""which supplies electricity to northern and north-western parts of the capital-state. The Delhi government holds the remaining stake. Tata Power shares ended at Rs 290.65 on the National Stock Exchange, up 1.36 per cent over Friday. |
|